The Internal Revenue Service (IRS) recently announced changes to the 2019 dollar limitations for pension plans and other retirement-related items based on recent Social Security cost-of-living adjustments.

Unlike in some recent tax years, most of the applicable pension and retirement limitations will increase for the 2019 tax year.  Check out the new limitation below:

 

Have questions about how these will impact your situation? Contact Doeren Mayhew’s tax advisors today.